Opening an assisted living home in Arizona requires proper insurance from day one.
Core Coverage:
- General Liability
- Professional Liability
- Abuse & Molestation ($500K minimum)
- Workers Compensation
- Commercial Auto (if transporting residents)
Recommended Limits:
$1M / $3M liability
$500K abuse minimum
Common Mistakes:
- Waiting too long to secure insurance
- Choosing cheapest option
- Incorrect limits
Insurance should be structured before opening.
Contact Prosperity North Advisors for a startup consultation.